1955
ALGECO was founded in Mâcon, France, as a company renting out storage facilities for the wine industry.
ALGECO – a leading expert in modular space systems
Circular economy and climate protection are at the heart of ALGECO’s sustainability strategy and an integral part of our corporate philosophy. We are committed to operating responsibly, efficiently and sustainably across all areas of our business. As a specialist in modular buildings, ALGECO has set the goal of achieving Net Zero emissions by 2050.
ALGECO is your trusted partner for temporary rental solutions and highquality modular buildings designed for long-term use. Our portfolio includes smart modular space solutions for kindergartens, schools, offices, shops and residential accommodation, as well as container complexes for large-scale construction sites. From functional units to fully customised space solutions, we provide the right solution for every requirement.
ALGECO customers benefit from minimal construction times, fixedprice certainty, reliable project delivery and our unique 360° service. With 14 locations across Germany and a rental fleet of around 55,000 units, we’re always close by.
ALGECO is part of the Modulaire Group, with around 150 locations in more than 20 countries worldwide.
The History of ALGECO
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1966
The company later expanded its business model to include the rental of tank wagons. In 1966, VTG, a wagon rental company that was already part of the Preussag Group, acquired a stake in ALGECO.
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1990
Since 1990, MBM MietSysteme, founded in Kehl in 1972 and active in the container rental business, has been part of ALGECO.
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1996
ALGECO acquired Hada, a company specialising in the rental of construction machinery and temporary accommodation for construction sites.
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2004
The Preussag Group, which had since been renamed TUI, sold its stake in ALGECO to the investment company TDR Capital in 2004. Under TDR Capital’s leadership, ALGECO was restructured and numerous companies were integrated into the Group.
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2005
TDR acquired the British Elliott Group.
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2006
The newly established ALGECO GmbH in Germany was merged with its sister company Hada.
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2007
TDR Capital acquired the US-based company William Scotsman and merged it with ALGECO to form the ALGECO Scotsman Group. In the same year, TDR Capital completed the acquisition of GE Modular Space and integrated the company into the newly established ALGECO Scotsman Group. GE Modular Space was part of GE Equipment Services, a division of General Electric that also operated in Germany.
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2011
The company continued to expand in the following years. In 2011, it acquired Ausco in Australia and Portacom in New Zealand, followed by the acquisition of Eurobras Group in Brazil and Target Logistics in the USA in 2013. In 2018, the Touax Group was integrated. In Germany, this included Siko Containerhandel GmbH, a company belonging to the Touax Group.
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2019
Following the separation of the North American business in 2018, ALGECO became part of the Modulaire Group.
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2021
Acquisition of Modulaire Group by Brookfield Business Partners L.P.
Values (ESG, HSE)
For ALGECO, sustainability means giving equal consideration to environmental, social and economic aspects while maintaining the right balance between them. Through sustainable and responsible business practices, we strive to achieve our goals and create long-term value.
This approach is built on the three pillars of sustainability – the ESG criteria: Environmental, Social and Governance. They provide the framework for ALGECO’s ESG management, which is embedded across our entire organization and supported by all our employees.